Ports Lodgeis a small hotel in Turkey. The charge is $40per person for one nights accommodationand abreakfast in the morning. The management of the hotel has determined thatthe variable expenses per person is $16and the hotels fixed costs total$50,000 peryear. The hotel can accommodate 20 guests each night. Compute: a.Contribution margin percentageb.Annual breakeven in units of services and in dollars of services revenuec.The number of units of services required to earna target net profit of $70000 for the year. What occupancy % is this?